SXC Health Solutions certified for transparency in pharmaceutical purchasing contracting

    LISLE, IL, Sept. 11 /CNW/ - SXC Health Solutions (NASDAQ:   SXCI, TSX:SXC)
has been certified to provide PBM services to members of the HR Policy
Association (HRPA), which is made up of more than 55 large employers who
purchase pharmacy benefits for more than five million Americans. This
certification represents SXC's commitment to HRPA's stringent transparency
test to help employers determine the true cost they pay for their prescription
drugs. SXC is one of five newly certified PBMs.
    "SXC is proud to have been recognized through the HRPA. The TIPPS
Certification validates years of providing our clients a fully transparent
business model; one that has allowed us to deliver results via lower drug
costs, while improving member health. To fully meet the stringent TIPPS
criteria, we will not have to change any single business practice--the TIPPS
requirements are consistent with our ongoing business strategy," said Mark
Thierer, President and Chief Operating Officer of SXC Health Solutions.
    "SXC believes that the traditional model of managing pharmacy benefits is
fundamentally changing and morphing into a different way to buy
pharmaceuticals. We are one of the very few companies, as represented through
our TIPPS Certification, positioned to take advantage of this metamorphosis
that's happening in the marketplace. SXC is proud to have been a leader in
bringing transparency to the market, and bringing those advantages to our
clients," added Thierer.
    Each year the Coalition issues a market-wide request for proposal (RFP),
and PBMs that respond must verify that they will comply with the Coalition's
transparency standards and agree to rigorous audit rights to guarantee
compliance. The TIPPS standards promote contracting that makes it easier for
employers, their beneficiaries and dependents to understand the true price of
a drug. This initiative has proven over the past two years to be a powerful
tool that employers can use to control company's pharmaceutical spend.

    About SXC Health Solutions

    SXC Health Solutions, Inc. (SXC) is a leading provider of pharmacy
benefits management (PBM) services and healthcare IT solutions to the
healthcare benefits management industry. The Company's product offerings and
solutions combine a wide range of software applications, application service
provider (ASP) processing services and professional services, designed for
many of the largest organizations in the pharmaceutical supply chain, such as
Federal, provincial, and, state and local governments, pharmacy benefit
managers, managed care organizations, retail pharmacy chains and other
healthcare intermediaries. SXC is based in Lisle, Illinois with locations in;
Scottsdale, Arizona; Warminster, Pennsylvania; Alpharetta, Georgia; Milton,
Ontario and Victoria, British Columbia. For more information please visit

    %SEDAR: 00001439E

For further information:

For further information: Jeff Park, Chief Financial Officer, SXC Health
Solutions, Inc., Tel: (630) 577-3206,; Dave Mason, Investor
Relations, The Equicom Group Inc., (416) 815-0700 ext. 237,; Susan Noonan, Investor Relations - U.S., The SAN
Group, LLC, (212) 966-3650,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890